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GLOUS143 Henry Nicholas Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower") and iCapital Advisors, LLC ("iCapital") have entered in
GLOUS143 Henry Nicholas Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower") an
ESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. AN "ACCESS FUND" INTO GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, LP (For Investors referred by Deutsche Bank Securities Inc.) OFFERING OF LIMITED PARTNER INTERESTS April 2018 This supplement (the "Supplement') may only be distributed in conjunction with the Confidential
GLOUS143 Henry Nicholas Proprietary and Confidential — Supplement to the Confidential Private Placement Memorandum GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P
r an interest in the alternative investment fund listed below (the "Fund") that is managed by iCapital Advisors, LLC (the "Manager") and offered by Deutsche Bank Securities Inc. ("Deutsche Bank") as placement agent, Deutsche Bank will be required to provide the Manager, the Fund or their affiliates, or the Fund's administrat
GLDUS143 Henry Nicholas Letter of Authorization for Fund Investment Dear Client: In connection with your subscription for an interest in the alternative investment fund
GLDUS143 Henry Nicholas Important information Supplemental Disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas (together with its affiliates, "Deutsche Bank," "us," "our," or "we") We have sent you this document in ou
GLDUS143 Henry Nicholas Important information Supplemental Disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas (together with its affilia
ion to the last page: Servicing Fee: The General Partner, the Investment Manager and the Access Funds have entered into a placement agreement with Deutsche Bank Securities Inc. (the -DRS! Placement Agreement"), pursuant to which DBSI or one or more of its affiliates ("Deutsche Bank") will act as a Placement Agent and refer
GLOUS143 Henry Nicholas Chances to Summary of Principal Terms of the Access Fund The information contained in the Memorandum under the heading "Summary of Principal Terms
an interest in the alternative investment fund listed below (the "Fund") that is managed by iCapital Advisors, LLC (the "Manager") and offered by Deutsche Bank Securities Inc. ("Deutsche Bank") as placement agent, Deutsche Bank will be required to provide the Manager, the Fund or their affiliates, or the Fund's administr
GLDUS143 Henry Nicholas Letter of Authorization for Fund Investment Dear Client: In connection with your subscription for an interest in the alternative investment fund
GLDUS143 Henry Nicholas 1 Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower") and iCapital Advisors, LLC ("iCapital") have entered
GLDUS143 Henry Nicholas 1 Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower"
der the Securities Act. Glendower Capital SOF IV, L.P. 9 EFTA01395752 GLDUS143 Henry Nicholas Important information Supplemental Disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas (together with its affiliates, "Deutsche Bank," "us," "our," or "we") We have sent you this document in
GLDUS143 Henry Nicholas GLENDOWER ACCESS SECONDARY OPPORTUNITIES FUND IV (U.S.), L.P. CONFIDENTIAL Glendower Access Secondary Opportunities IV (U.S.), L.P. will invest s
Entities connected to both Deutsche Bank Securities Inc. and Henry Nicholas

Martha Stewart
PERSON
Stewart Oldfield
PERSONDeutsche Asset & Wealth Management
ORGANIZATION
Deutsche Bank
ORGANIZATION
Prince Andrew
PERSON
United States
LOCATION
Paul Barrett
PERSONGlendower
LOCATIONAccess Fund
ORGANIZATION
Samantha Power
PERSONthe State of New York
LOCATIONiCapital Advisors
ORGANIZATION
Prince Charles
PERSON
Julie K. Brown
PERSON
North America
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
United Kingdom
LOCATIONLeon Black
PERSON
Alan Dershowitz
PERSONGlendower Capital
ORGANIZATION